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Sunday, February 17, 2013 11:30:41 AM
because the MMS SUNR and CSTI began to undercut the ask even when higher prices were being bought, same thing happened Friday.
Did you notice SUNR at the end of the day? He parked at 0.0079 and sold hundreds of thousands as low as 0.006 even when some people tapped 0.0079. Panic traders saw this and also began to sell as well (which is the goal of these MMs)
So in my opinion this price drop has nothing to do with FIMA and everything to do with the MMs and what their intentions are. Seems to me they might be covering because they didn't expect PPS to explode without news. Or (and someone please address this it's just a thought)
notes are being converted as SUNR is a known diluter...
There was a lot of buying in the 0.008-0.012 range.
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